SOURCE: CBS MIAMI Racketeering charges have been dropped against two high level Wackenhut employees accused of overbilling the county for Metrorail security. Prosecutors said Thursday they couldn’t move forward with their case against Rene Pedrayes and Eduardo Esquivel. One reason the case fell apart was because one of the state’s key witnesses, Miami-Dade police officer […]

SOURCE: NBC NEWS 6 After an intense five-year battle, the Wackenhut security company is agreeing to pay out $7.5 million to settle allegations that company executives overbilled Miami-Dade taxpayers for years. But despite the payout and admission of guilt, Wackenhut will be able to keep doing business with Miami-Dade County. The payout follows a series of […]

SOURCE: NBC NEWS 6 The man at the head of Wackenhut Security Services in Florida at the time of a 2007 NBCMiami investigation was arrested and charged with racketeering Friday, NBCMiami has learned. Rene Pedrayes, 49, was general manager of Wackenhut’s state operations when he left the company amid allegations that the company systematically overcharged Miami-Dade taxpayers […]

SOURCE: REUTERS The world’s biggest security firm G4S has agreed to repay $181 million plus tax to the British government after overcharging on a contract to monitor criminal offenders with electronic ankle bracelets. The settlement raises the prospect that a ban on new work could soon be lifted. The repayment, much higher than the 24 million […]

SOURCE: INDEPENDENT G4S is facing fresh controversy after the Government announced it plans to refer the private security giant to the Serious Fraud Office for a second time. The Ministry of Justice said that after auditing 15 big outsourced contracts worth almost £4 billion, it had discovered “serious issues” on G4S’s running of facilities management […]

SOURCE: GUARDIAN The Serious Fraud Office has been called in by the justice secretary to investigate the private security company G4S for overcharging tens of millions of pounds on electronic tagging (ankle bracelets) contracts for offenders. Chris Grayling told MPs the overcharging included billing for tracking the movements of people who had moved abroad, those […]